>The "free market" thinking behind globalization was broken by China first. You're right about PRC operating at PRC scale upsetting balance, but it's more indu

>The "free market" thinking behind globalization was broken by China first. You're right about PRC operating at PRC scale upsetting balance, but it's more inducting PRC into WTO gave US, historically and currently the worst breaker of free market due to domestic policies and sheer historic economic heft, a taste of being victimized by industrial policy from another large economy. Look up WTO DSS database, US is by far the worst WTO violator, and it's not even close. PRC adjusted of ascension time is closer to a medium sized country such as JP, i.e. relative to her trade volume, PRC is probably one of the top adherents of the WTO system and globalization in general, which makes sense since it has benefitted her so much. Finally there's a reason US is holding WTO dispute settlement body hostage, despite all other parties wanting appellate bodies to presume. Why it lost it's shit at WTO for siding with PRC on steel, and also against Canada and Mexico for NAFTA auto shenanigans, showing that currently, US domestic politics can't even cope with regionalism / friendshoring. The TLDR is US logic is it no longer benefits from globalisms as much as others, particularly PRC, not that US doesn't still disproportionately benefit relative to most parties. But it would rather crush system for everyone else than enable PRC to keep reeping benefits of globalism which could long term displace US in variety of sectors. Which to be fair, might be in US interest. E: I think this image really highlights the issue https://i.imgur.com/YGx2fQy.jpg https://i.imgur.com/YGx2fQy.jpg PRC excess production capacity, it's ability to over supply after meeding domestic demand, hammers shares from incumbent industrial leaders. Part of it is industrial policy, but part of it is also PRC has the infra, talent in absurd quantities where over supply is almost inevitable. As PRC move up value chain, it's going to systemically take market share from US/western companies, but especially US who leads in many fields. Ergo, within US interest to stall that process (Tech sanctions / WTO drama), and try to fracture market into west/rest to maintain her racket.